Hi guys hope you all well and growing your business.I usually buy single faimily homes from the auction at low price since they need tons of rehabs (the ones I pick), Im trying to implememt the BRRRR strategy, contacted couple of banks the problem is since Im trying to refi in less than a year they would give up to 70% of the purchase price and no apprisal at this stage (onw bank offered 3 months delayed purchase I think thats whats called but not sure).The problem Im having is they depend on the purchase price which is low as compared to the ARV and wont send appraisal till 1 year and I neither have lots of cash to keep in one or two deals and wait for one year nor do hard money.Trying to refi as soon as Im done with the rehab if possible which most of the time takes me 1 month max on average size house.Any recommendations would be appriciated.Wish you all the best of luck. 

Compare a 100k gain for SF/San Jose and it might not be that large.

I've been noticing that many out of town investors are drooling to get into the Memphis market due to the extremely low cost of properties and the good rent prices when compared to the cost of the house.

Ads often say "buy for the cost of rent" and compare rent to the PITI payment. 

Now let me be clear, I am not trying to compare Tucson to the 12th largest city in the U.S., but I do believe that Tucson is finally coming into its own.

Thompson wants 50%+ more compare to the previous year.

In my experience, FSBO list their house way too high- remember people looking on Zillow, Truila, social, etc. to compare house prices.

Then look at other active advertised rentals and find comparables based on area, sq footage, bedrooms, and finishes and see what the going rate is for similar properties.

They even went a bit further out to find comparable houses, which is the only reason why we got what we did.

Yes, they can be high reward...but only if you make it to the finish line without going to court or going broke first.You mit consider also getting separate financing outside of the contractor.